AAC Technologies (OTCMKTS:AACAY) Hits New 52-Week Low – Should You Sell?

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) hit a new 52-week low during trading on Friday . The company traded as low as $3.82 and last traded at $4.03, with a volume of 1544 shares traded. The stock had previously closed at $4.12.

AAC Technologies Trading Down 5.1%

The firm has a market capitalization of $4.56 billion, a P/E ratio of 130.33 and a beta of 1.32. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $4.60 and a two-hundred day moving average of $4.99.

AAC Technologies Company Profile

AAC Technologies is a leading designer and manufacturer of miniaturized acoustic components and haptic solutions for the global consumer electronics industry. The company’s product portfolio includes micro speakers, receivers, microphones based on micro-electromechanical systems (MEMS), vibration motors and linear resonant actuators, as well as precision camera modules and related optical components. These technologies are widely used in smartphones, tablets, laptops, wearable devices, automotive infotainment systems and Internet-of-Things applications.

Founded in 1993 and headquartered in Shenzhen, China, AAC Technologies has grown into a key supplier for many of the world’s top original equipment manufacturers.